OMNOVA Solutions Inc. (NYSE:OMN) – Analysts at KeyCorp increased their FY2017 earnings estimates for shares of OMNOVA Solutions in a research note issued to investors on Monday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings of $0.65 per share for the year, up from their prior estimate of $0.55. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for OMNOVA Solutions’ Q4 2017 earnings at $0.19 EPS.

OMNOVA Solutions (NYSE:OMN) last posted its earnings results on Thursday, September 28th. The specialty chemicals company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. OMNOVA Solutions had a positive return on equity of 22.71% and a negative net margin of 0.78%. The firm had revenue of $200.90 million during the quarter, compared to analysts’ expectations of $203.12 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis.

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A number of other analysts have also commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $12.00 target price on shares of OMNOVA Solutions in a research report on Friday, June 16th. BidaskClub lowered OMNOVA Solutions from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised OMNOVA Solutions from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Friday, July 7th. Finally, ValuEngine raised OMNOVA Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.67.

OMNOVA Solutions (OMN) opened at 11.05 on Thursday. OMNOVA Solutions has a 1-year low of $7.05 and a 1-year high of $11.50. The firm has a 50-day moving average price of $9.47 and a 200-day moving average price of $9.27. The firm’s market capitalization is $495.78 million.

A number of hedge funds have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC boosted its stake in OMNOVA Solutions by 2.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 13,632 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 288 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in OMNOVA Solutions by 4.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,146 shares of the specialty chemicals company’s stock valued at $100,000 after purchasing an additional 472 shares during the last quarter. Citigroup Inc. boosted its stake in OMNOVA Solutions by 3.6% during the 2nd quarter. Citigroup Inc. now owns 27,344 shares of the specialty chemicals company’s stock valued at $267,000 after purchasing an additional 954 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in OMNOVA Solutions by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,089 shares of the specialty chemicals company’s stock valued at $352,000 after purchasing an additional 1,614 shares during the last quarter. Finally, American International Group Inc. boosted its stake in OMNOVA Solutions by 7.1% during the 1st quarter. American International Group Inc. now owns 26,169 shares of the specialty chemicals company’s stock valued at $259,000 after purchasing an additional 1,738 shares during the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.

OMNOVA Solutions Company Profile

OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.

Earnings History and Estimates for OMNOVA Solutions (NYSE:OMN)

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